The case involves Magnets India as the applicant/petitioner against Kashyap Motors India Pvt. Ltd. as the respondent. The order pertains to Section 9 of the Insolvency & Bankruptcy Code, 2016. A prior Corporate Insolvency Resolution Process (CIRP) against Kashyap Motors India Pvt. Ltd. had already been admitted on 2019-03-05 under C.P. No. (IB)-1528(PB)/2018, and the process was ongoing.
Magnets India filed a petition against Kashyap Motors India Pvt. Ltd. under Section 9 of the Insolvency & Bankruptcy Code, 2016. A CIRP against Kashyap Motors India Pvt. Ltd. had already been admitted on 2019-03-05 under C.P. No. (IB)-1528(PB)/2018, and the process was in progress. The petitioner in the present petition (IB-1774(PB)/2019) was directed to file its claim before the IRP. The order also stated that if the order dated 2019-03-05 is set aside, the petitioner has the liberty to file an appropriate application for revival of the petition.
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CIRP against Kashyap Motors India Pvt.…
Order delivered directing the petitioner to…
The case involves Magnets India as the applicant/petitioner against Kashyap Motors India Pvt. Ltd. as the respondent. The order pertains to Section 9 of the Insolvency & Bankruptcy Code, 2016. A prior Corporate Insolvency Resolution Process (CIRP) against Kashyap Motors India Pvt. Ltd. had already been admitted on 2019-03-05 under C.P. No. (IB)-1528(PB)/2018, and the process was ongoing.
Magnets India filed a petition against Kashyap Motors India Pvt. Ltd. under Section 9 of the Insolvency & Bankruptcy Code, 2016. A CIRP against Kashyap Motors India Pvt. Ltd. had already been admitted on 2019-03-05 under C.P. No. (IB)-1528(PB)/2018, and the process was in progress. The petitioner in the present petition (IB-1774(PB)/2019) was directed to file its claim before the IRP. The order also stated that if the order dated 2019-03-05 is set aside, the petitioner has the liberty to file an appropriate application for revival of the petition.
CIRP against Kashyap Motors India Pvt.…
Order delivered directing the petitioner to…